510401 CLIFTON_FINE CENTRAL SCHOOL                                             
                                                                                    
                                                                                    
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             Amount Issued:      7,079,315   BLD-10                                 
 Date of Original Issuance:     11-Jul-00                                           
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                           New                    Alt./     Max.    Weighted        
 Bldg  Proj  Allowable   Constr.    Additions   Reconstr   Projec    Useful         
  .     .       Cost       Cost        Cost        Cost    t Life     Life          
     __________________________________________________________________________     
 0002  007    6,867,600           0          0   6,867,600  15.0 103,014,000        
 0002  008      140,000           0          0     140,000  15.0   2,100,000        
 5001  002       79,000           0          0      79,000  15.0   1,185,000        
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              7,086,600                                          106,299,000        
                                                                                    
                       Blended Maximum Useful Life:         15.0                    
                             Original Term of Bond:         15.0                    
                      Selected Maximum Useful Life:         15.0                    
                       Period Prior to 1 July 2002:          2.0                    
              Sel. Remaining Term for Amortization:         13.0                    
             Principal Outstanding as of July 2002:    5,200,000                    
                             Assumed Interest Rate:       4.500%                    
       Debt Service for Amortization Year 6 of 13 :      532,702                    
                                      Bond Percent:      97.442%                    
 Aidable Debt Service for Amortization Year 6 of 13      519,075                    
                                                                                    
                                                                                    
Additional Costs Attributable to Refinancing                                        
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  A. Total Amount of Refinancing Issued (SA-132A #7):                5,840,000      
  B. Bond Percent:                                                     99.717%      
  C. Applicable Building Aid Ratio:                                      78.8%      
  D. State Share of Outstanding Principal (SA132-A #3 * B * C):      4,086,004      
  E. Amount of Original Principal Refinanced: (SA132-A # 4)          5,200,000      
  F. State Share Ratio: (D / E)                                          78.5%      
  G. Total Fixed Costs Aided at 100% (SA132-A # 13):                    10,500      
  H. Total Variable Costs of Refinancing (SA132-A # 23):               137,329      
  I. State Share of Variable Costs Aided at 100%:( H * F)              107,803      
  J. Total Principal Added(A - E - G - H):                             492,171      
  K. State Share of Additional Principal Aided at 100% (J * F):        386,354      
  L. Total Refinancing Costs Aided at 100% (G + I + K):                504,657      
  M. Local Share of Variable Costs Aided at State Share (H - I):        29,526      
                                                                                    
Assumed Aidable Debt Service for Refinancing                                        
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  Assumed Debt Service for Fixed Costs:                                  1,076      
  Assumed Debt Service for State Share of Variable Costs:               11,044      
  Assumed Debt Service for State Share of Additional Principal:         39,580      
  Assumed Debt Service for Local Share of Variable Costs: *              3,015      
 * After application of Bond Percent.                                               
                                                                                    
                                                                                    
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End of Report                                                                       
                                                                                    
                                                                             

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